After reading WCI, my initial inclination to buy a home upon starting residency is in question. I am a MS4 and have matched into a surgical subspecialty with a 5yr residency. My wife and I are very fortunate to have no student loans or outstanding debts. We have no children (yet! we plan to towards the end my training). She is an RN so our combined gross income will be ~$100k. Additionally, my wife's family has left her an inheritance in the form of CD's and mutual funds that will allow us to put between 20-40% down on a home. She has significantly better (more) credit than I do given that she has purchased and paid off a car in the last 3 years. We are moving to a mid-sized, moderately affordable city for residency and really have no idea about where to start with determining price range, mortgage estimates, down payments, etc.
Thanks for any advice!
Thanks for any advice!
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